Turret Oy Ab - Press Release

    
    Turret Oy Ab
    Vitikka 4
    02630 Espoo, Finland
    

ESPOO, Finland, Oct. 30 /CNW/ - This press release is issued by Turret Oy AB, a Finnish limited liability company ("Turret") pursuant to Section 5.2 of MI 62-104, Part 3 of NI 62-103, the Securities Act (British Columbia) and the Securities Act (Alberta) with respect to the securities of Con-Space Communications Ltd. ("Con-Space").

On August 20, 2009, Turret entered into an arrangement agreement (the "Arrangement Agreement") with the Con-Space pursuant to which Turret agreed to acquire all of the outstanding common shares of the Con-Space that it did not own at a price of $0.03 per share. Completion of the arrangement under the Arrangement Agreement (the "Arrangement") was conditional upon the fulfillment of certain conditions, including approval by a majority of the minority of Con-Space's shareholders (excluding Turret) and the receipt of all necessary regulatory approvals.

The Arrangement completed on October 30, 2009, and Turret owns all of the outstanding common shares of the Con-Space.

    
    DATED as of October 30, 2009.

    TURRET OY AB
    

SOURCE TURRET OY AB

For further information: For further information: Peter Eriksson, Business Development Director, +33 6 1111 11687

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TURRET OY AB

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